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ASIC probes cryptocoin offering launched by Neds betting venture

Retrieved on: 2018-04-14 22:03:45

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<div>In a white paper dated April 5, Neds said it wanted to plough up to $60m through a so-called “<b>initial coin offering</b>” into building its sports betting business, which it projected would reach turnover of $8bn a year by 2022. Neds promised that “regardless of profit” it will distribute 0.25 per cent of its ...</div>

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